• ITVI.USA
    15,859.850
    -49.550
    -0.3%
  • OTLT.USA
    2.773
    -0.003
    -0.1%
  • OTRI.USA
    21.460
    -0.150
    -0.7%
  • OTVI.USA
    15,864.700
    -50.600
    -0.3%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
  • ITVI.USA
    15,859.850
    -49.550
    -0.3%
  • OTLT.USA
    2.773
    -0.003
    -0.1%
  • OTRI.USA
    21.460
    -0.150
    -0.7%
  • OTVI.USA
    15,864.700
    -50.600
    -0.3%
  • TSTOPVRPM.ATLPHL
    3.520
    0.380
    12.1%
  • TSTOPVRPM.CHIATL
    2.960
    -0.660
    -18.2%
  • TSTOPVRPM.DALLAX
    1.610
    0.250
    18.4%
  • TSTOPVRPM.LAXDAL
    3.340
    -0.130
    -3.7%
  • TSTOPVRPM.PHLCHI
    2.100
    -0.250
    -10.6%
  • TSTOPVRPM.LAXSEA
    3.860
    -0.220
    -5.4%
  • WAIT.USA
    126.000
    -2.000
    -1.6%
American Shipper

ACL’s 1ST-QUARTER PROFIT UP 54%

ACLÆS 1ST-QUARTER PROFIT UP 54%

   Atlantic Container Line reported a 54.3-percent increase in first-quarter net income, to SEK 54 million ($5.3 million), despite a drop in volumes and cargo capacity utilization.

   ACL's first-quarter profit included a SEK 16 million ($1.6 million) non-monetary exchange loss. Operating income was SEK 764 million ($75 million), up 14.7 percent. Earnings before depreciation was SEK 146 million ($14.3 million), up 46 percent.

   First-quarter volume fell 7.3 percent to 57,000 TEUs. Cargo capacity utilization was 72 percent, compared with 78 percent for the year-earlier period. Container and roll-on/roll-off volumes were down in westbound trade due to instability in the U.S. car volumes.

   Freight rate levels improved 9 percent for containers and 6 percent for ro/ro and cars, ACL said.

   ACL said that, despite current economic uncertainty, the company expects its full-year results to be in line with last year's.

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